Special Report on
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Accredited Investor Qualification - Trends
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Just when you thought that bi-partisanship was dead in the United States, a strong bi-partisan consensus is showing up in an unexpected place. This consensus relates to provisions buried in the proposed Restoring American Financial Stability Act of 2009 recently introduced by U.S. Senate Banking Committee Chairman Christopher Dodd. The impact of these provisions has been described - in the Huffington Post, no less - as if someone from another country got into the bill writing process and came up with a way to sabotage the American creative dream machine by slipping in a little poison and the death ...
It was a bitch to find. I had to do about 4 hours of research…no article would cite the actual name of the bill! I read through at least three other financial-related bills before finding the right one. This bill is not yet in Thomas (the website that tracks bills). And, it currently has 114 pages of amendments: http://banking.senate.gov/public/_files/032310MangersAmendmentAYO10627.pdf Here is a blog that discusses this: http://www.compliancebuilding.com/2010/04/06/accredited-investors-under-the-restoring-american-financial-stability-act/ What’s frustrating about this bill is ... Read More
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